Analysts Set Kite Realty Group Trust (NYSE:KRG) Price Target at $27.43

Shares of Kite Realty Group Trust (NYSE:KRG) have been given a consensus rating of “Hold” by the nine research firms that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $27.4286.

A number of brokerages recently issued reports on KRG. Jefferies Financial Group upgraded shares of Kite Realty Group Trust to a “hold” rating in a research note on Friday, June 26th. Wall Street Zen cut shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. LADENBURG THALM/SH SH lifted their target price on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Wells Fargo & Company reiterated an “overweight” rating and issued a $29.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a research note on Tuesday, May 26th. Finally, UBS Group reiterated a “neutral” rating and set a $28.00 price target (up from $25.00) on shares of Kite Realty Group Trust in a report on Monday, May 18th.

Institutional Trading of Kite Realty Group Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Los Angeles Capital Management LLC purchased a new position in shares of Kite Realty Group Trust in the fourth quarter worth $25,000. Arax Advisory Partners boosted its position in shares of Kite Realty Group Trust by 182.0% during the fourth quarter. Arax Advisory Partners now owns 1,125 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 726 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Kite Realty Group Trust by 118.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 740 shares in the last quarter. Bessemer Group Inc. increased its holdings in Kite Realty Group Trust by 44.4% in the 1st quarter. Bessemer Group Inc. now owns 1,519 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 467 shares in the last quarter. Finally, Danske Bank A S bought a new stake in Kite Realty Group Trust in the 3rd quarter worth about $49,000. Institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Stock Down 0.1%

Shares of NYSE:KRG opened at $28.64 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.05. The stock has a fifty day simple moving average of $27.44 and a two-hundred day simple moving average of $25.62. Kite Realty Group Trust has a 12-month low of $20.86 and a 12-month high of $29.40. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 4.05 and a beta of 0.85.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Kite Realty Group Trust had a return on equity of 9.21% and a net margin of 34.74%.The company had revenue of $200.70 million during the quarter, compared to analysts’ expectations of $198.37 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. On average, research analysts anticipate that Kite Realty Group Trust will post 2.09 earnings per share for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 9th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $1.16 annualized dividend and a yield of 4.0%. Kite Realty Group Trust’s dividend payout ratio is 87.22%.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.